December 20, 2025 • 39 mins
Chris Markowski discusses the harsh realities of the financial world, the political landscape, and the societal norms that shape our understanding of economic issues. He emphasizes the need for honesty in political discourse, critiques the current administration's handling of economic policies, and explores the implications of government involvement in healthcare and business regulations. Markowski calls for a return to fundamental principles of financial freedom and accountability, urging listeners to recognize the importance of personal responsibility in navigating the complexities of the economy.
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Episode Transcript
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Speaker 1 (00:07):
Well known authored investment banker, consumer advocate, handalyst trader Chris
Markowski is the watchdog Wall Street? Do you want to
answer exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom. You can't handle the true
(00:29):
proof bringing America the truth about what really happens in
the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the watchdog on Wall Streets.
Speaker 3 (00:45):
Yes, it is. Welcome back, Welcome back everyone. It is
the watchdog on Wall Street show. It was a it
was a rough week.
Speaker 2 (00:55):
We had some really some horrific stories this past week
and U again doing the prep here from the for
the program. It it weighs on me, it does, it
really does.
Speaker 3 (01:10):
And again I I.
Speaker 2 (01:12):
Find solace trying to make it to mass every day
and pray for people that have been murdered, killed, butchered,
terrible things that are happening, but also pray for our
leaders that you know they can I don't find them better,
(01:33):
they're better selves and more wisdom. I have talked about this.
I was really upset with the president this past week.
I really was with this whole Rob Reiner situation. It
reminded me, reminded me of a phrase phrase from the
(01:56):
UH the late late senator from the state of New York,
Daniel Patrick moynihan. He's a Democratic center from the Saint
of New York. He talked about defining devancy down.
Speaker 3 (02:10):
Rob Reiner.
Speaker 2 (02:11):
Rob Briner, I politically, he and I did not see
eye to eye at all.
Speaker 3 (02:19):
Did not see eye to.
Speaker 2 (02:20):
Eye with Rob Reiner at all, and at times, at times,
you know, he might get over his skis and say
some some nasty things on some tweets and whatever may be,
and may have offended the president because of that. And
again that's something again that Donald Trump can't deal with.
(02:43):
For what a reason it may be, he will not
accept any sort of criticism whatsoever. I hates may probably
I voted for him, probably hates me. Anyway, Rob Reiner,
you got people. He put out some unbelievable works for this.
(03:04):
I mean, I I was last week week before in
the program I did the spinal tap bit here with
the turning it up to eleven. My favorite Halloween costume
I think I ever wore and guess is, back when
I was in college, for crying out loud was a
Nigo Montoya, you're killed my father to prepare to die.
Speaker 3 (03:25):
I remember that you're wearing that.
Speaker 2 (03:26):
I remember the the sorority girls thinking that was such
a great idea. It was helpful anyway. I mean when
Harry met Sally stand by me probably, I mean a
horror movie with that was I might be overlooked. One
of the great ones of all time, Misery and his
(03:48):
little bit roles in various different movies. All in the
family watched that as a kid. So the president comes
out horrific murder and your child does it, and he
puts out a tweet and and saying that you know
(04:11):
again they were murdered due to Trump derangement syndrome.
Speaker 3 (04:17):
You make this about yourself again.
Speaker 2 (04:23):
I I pray for the president. I said, man, you know,
here's an opportunity. Here's an opportunity for you to go
out and try to bring people together, not not to divide.
Speaker 3 (04:41):
People, to bring people to it. Would Reagan? Would Reagan
ever say anything like that.
Speaker 2 (04:48):
I know, but but but but you know the butts
all you but he said this terrible thing, and what's
the loser all stuff.
Speaker 3 (04:52):
He doesn't make it right.
Speaker 1 (04:56):
He doesn't.
Speaker 2 (04:59):
It is the cre Smith's season. We who are we
celebrating right now? We're celebrating the princip peace man. That
that that's that's who we're celebrating right now. A guy
who was tortured and brutally murdered and sculled uh and
and and prayed for the forgiveness of the people who
(05:21):
did it to him. That that's we're celebrating that man's birth.
I mean, there's something.
Speaker 3 (05:30):
That we we have to we have to remember that that.
Speaker 2 (05:33):
Is presents and trees and lights and colors and all
that stuff. I again, what I pray for, it's it's
you know, bring bring a holiday movie into it. Yeah,
you know in The Grinch at the end where they're like,
well in Whoville, they say that the Grinch's small heart
(05:53):
grew three sizes that day. I want the President's heart
to grow three sizes. And the funny thing is, again
you talk about I mentioned Democrat Daniel Patrick moynan, State
of New York Center defining devinc down. I want to
(06:14):
talk about what he was getting at there. A it's
a process by which the society responds to an increase
in destructive behaviors by lowering its standards of what is
considered normal, acceptable, or moral. Instead of cracking down on
(06:35):
the increased misconduct, the behavior is normalized and societal expectations
and standards fall.
Speaker 3 (06:42):
Tell me that's not true.
Speaker 2 (06:45):
Tell me that the left and right wing influencers aren't
a part of this, and making things like what Donald
Trump said, okay, or the flip side, the people on
the left that came out and were apployted of Charlie Kirk,
both sides defining deviancy down. Monahan argued that every community
(07:13):
can only afford to recognize and penalize a certain amount
of abnormal behavior, previously unthinkable behavior. At the time, he
was talking about violent crime or family disintegration increases. The
easiest way for a society to adapt is to redefine
the behavior as less serious or simply normal, making people
(07:38):
increasingly numb to it.
Speaker 3 (07:42):
Is this again resonating with anybody out there?
Speaker 2 (07:48):
The term was Monahan had an essay back in actually
nineteen ninety three the American Scholar, and he drew on
the work of a French sociologist by the name of
Emil Durkheim. Who theorized crime is normal, and that president
in all societies and helps clarify moral boundaries.
Speaker 3 (08:08):
And he talked about and this is.
Speaker 2 (08:09):
Again this is a Democrat Democrat early nineteen nineties, basically
talking about twentieth century United States, rising crime rates and
the public's growing tolerance of everyday violence in urban areas,
the de institutionalization of the mentally ill, which led to
increased homelessness. Again Democrat, early nineteen nineties, the increase in
(08:35):
single parent households, and erosion of traditional family structures. Okay,
he was spot on on all of those things. But people,
come on, come on, we're doing it.
Speaker 3 (08:53):
We're doing it.
Speaker 2 (08:54):
We have to stop. We have to stop. And you
know what, we can't just let it go. Okay, I
voted for the guy.
Speaker 3 (09:04):
I gonna let it go. No, you don't let it go.
Speaker 2 (09:06):
You have to call out horrible behavior, pointing out this
is not good, this is not acceptable. I'm watching all
the sycophants surrounding the president. They should have told him off,
should have told them, no, you don't do this. We
don't do this in a Norman we don't say something
like this after somebody was brutally murdered I don't care
(09:27):
if he was the political rival of yours. And then
come out the next day and defend what you're saying
and saying that the guy wasn't good for America.
Speaker 3 (09:34):
What are you talking about? That was an.
Speaker 2 (09:38):
Artistic genius as far as I'm concerned. And what these
influencers do? You know, it's first deny And this is
the funny thing. I watched all of the right wingers
out there after Rob Reiner's murder, All the right wing
influencers out there. They can't call him right wing because
(10:00):
they're not right on anything. They're paid, they're paid to
be bomb throwers. That's only aren't The left has them too.
They're like, oh, look at this, Yeah, we're hearing the right. No,
we didn't come out and applaud Rob Reiners.
Speaker 3 (10:12):
We didn't do that until Trump did.
Speaker 2 (10:16):
So first they deny it, then they dismissed it as
a conspiracy.
Speaker 3 (10:21):
Then this is all one day. Then they admit it's happening.
Speaker 2 (10:26):
And then at the end the end, the same people
that were denying it at first were actually insisting that
what Trump said was actually a good thing. Do you
understand how messed up that is? And I answer yourself
a question what you want you you want your child
(10:47):
to talk or act like that? No, no, But another
big part of the birthday were about ready to celebrate.
It's about reconciliation and forgiveness. Reconciliation, forgiveness. And I'm gonna
be praying for the president that he recognizes, he wakes up,
(11:11):
wakes up and recognizes that what he said was wrong,
and he doesn't have to do this. He doesn't have
to do this. He needs to set a better example,
a better example. You want to be a great president,
you pull us out of this cycle of revenge. You know,
(11:36):
rage bait, not sup. You pull us out of this
black hole. Man, you will go down as a great president.
Have to take a break. Watchdog on Wallstreet dot com.
Watchdog on Wall Street dot com is our site. Become
a part of the Watchdog on Wall Street family, our
personal CFO program, podcast, newsletter, you name it. Watchdog on
(12:01):
Wall Street dot com.
Speaker 3 (12:03):
Be back.
Speaker 4 (12:05):
A beautiful side, halping to line walking you the window
world line, have a holiday.
Speaker 1 (12:24):
This is the Watchdog on Wall Street.
Speaker 3 (12:27):
While the merry.
Speaker 2 (12:28):
Bells keeping all right, welcome back, all right?
Speaker 3 (12:33):
You know what what do they say this?
Speaker 2 (12:35):
You know first solving a problem, you gotta actually admit
that there is one. And again I talked about this
first first hour of the program with Trump's little jingle
all the way speech that he gave, And I think
that they're actually admitting that there's problem. Granted, granted, happy
(12:56):
to see the CPI numbers come in. All we're then
expected three point one two point seven. Two point seven
is still.
Speaker 3 (13:03):
Way too high.
Speaker 2 (13:05):
You know, the Federal Federal Reserve's low wing rates when
they are, you know, seven tenths basis points off from
where their target rate is. So what does that tell
you that they're obviously concerned about the economy.
Speaker 3 (13:21):
You're concerned about employment.
Speaker 2 (13:23):
We've talked about that Trump has an economic approval rating
of thirty six percent. It's one point ahead of Biden's
worst number fifty seven percent.
Speaker 3 (13:34):
Disapproval.
Speaker 2 (13:37):
I cost of goods causing consumers to spend least over
the holidays, story after story, Donald Trump's affordability failures will
cost him, uh, manufacturing jobs.
Speaker 3 (13:49):
Just it's just not happening.
Speaker 2 (13:51):
It's not happening. Okay, I'm not gonna I'm not gonna
beat this up. Okay, this is the terrain. Okay, you
have to deal with the reality. I talk about this
all the time. Deal with the terrain.
Speaker 3 (14:03):
Okay, you know, you go into something, you have a plan,
and you know what is it? Mike Tyson. Everyone's got
a plan until they get punched in the face.
Speaker 2 (14:15):
Donald Trump, I had the poster in my uh back
when I was on Long Island in my uh my
garage gym. Everyone's got a plan until they get punched
in the face. Well, I guess you got punched in
the face. So now you can take the plan you
were using. You got to throw it out the window
and we got to actually get to work here.
Speaker 3 (14:36):
And there's things you can do. There are many things
you can do.
Speaker 2 (14:40):
I'm gonna point one out, and quite frankly, I wish
the President touted this a little bit more.
Speaker 3 (14:48):
The SBA.
Speaker 2 (14:49):
This SBA came out this past week and announced that
they are going to be having a new loan program,
five million dollar loan program for manufacturing company anybody wants
to get involved in any type of manufacturing expand whatever
it may be. This is good for smaller manufacturers out there, fantastic,
It's a great program. Trump should go out there and
(15:14):
he should empower the SBA to an even greater degree.
We're gonna have some issues. We're gonna have some fallout
in this country due to private equity. As you well know,
we've talked about it here for some time.
Speaker 3 (15:28):
Again.
Speaker 2 (15:29):
Can you name I don't know of a single business
out there that's been bought If you know of one,
let me know that's been bought out by private equity
and the business has been it's improved. Ah, maybe the
bottom line to some degree, but has the product improved?
Has a customer experience? Improofd Now it's horrible. Actually speaking
(15:52):
with a friend of mine, doctor worked for a big,
big medical practice down here in southwest Florida. The owners
of it sold to private equity, and he wants out.
Speaker 3 (16:05):
He wants he said, its horrible.
Speaker 2 (16:06):
I can't serve my patients the way that they're supposed
to be served. I hear this all the time. I'm
hearing this all over the country. I've warned you here
what's happening in my industry. Private equity buying up investment
advisors turn them in Burnham Baby, clients are going to
get destroyed. Well, what is this involved with the SBA
(16:26):
and grow in the economy? Well, if you allow because
I get it. I got people get tired. Yeah, certain
people get tired. They said, you know, that's all I
can stand. I can't say anymore.
Speaker 3 (16:37):
I can't.
Speaker 2 (16:38):
I can't run this business anymore. If you empower the
SBA to give loans to people that want to buy
buy family businesses, buy small businesses, and take them over
and have them run the right way with that tender,
loving care that we all appre used to appreciate when
(17:00):
it came to small businesses.
Speaker 3 (17:02):
Do you know what doub what that would do for
the economy. Oh yeah, I married, But I don't care.
I don't care what type of businesses it is. I
don't care. It's an eight facts, whatever it may be.
Speaker 2 (17:14):
That that's part of the problem is that sometimes you've
got a lot of younger people out here. They don't
have the capital, they don't have access to the capital
to take over someone's business and help that person retire.
Because again I've heard this as well, because you know
you've heard me rail against private equity and these buyouts.
Speaker 3 (17:34):
Again, Hey, Chris, you don't understand. I mean, I can't.
I'm exhausted.
Speaker 2 (17:38):
I got an injury, you know, Yeah, I gotta start
tak caaring this, that, and the next thing.
Speaker 3 (17:42):
I can't do this anymore. I have to sell my business.
I can't. Nobody wants to buy it except private equity.
What am I gonna do?
Speaker 2 (17:50):
Empower D S b A. What would be great? Great
for this country moving forward? Another thing as well, the
tariff stuff. Now again happy happy that in his speech
he said he didn't bring in eighteen trillion dollars in
(18:10):
tariff revenue because that was just again insulted my intelligence
when he said it. We're not getting eighteen trillion dollars
of investment here in this country. That's not happening either.
But we do have something. We have uncertainty that's hanging
out over the country right now. And what the Supreme
Court is going to do. I really do believe at
(18:32):
this point in time, they're going to try to thread
the needle. They're going to try to thread the needle
on this one. I don't think they want to have
the president yelling and screaming, jumping up and down. I
think they're going to try to come up with something
where he's going to allow some power but others taken away. Now,
straight up, tariffs across the board, they don't work again, reciprocal.
Speaker 3 (18:57):
Fine that I don't know about you, but that's what
I voted for.
Speaker 2 (19:02):
Someone's someone's sticking at to us, Well, we could stick
it to them back then, that's reciprocal tariffs. The whole
Liberation Day thing made no sense. And again we see
that now we've got to take the tariffs off on
all these food stuff. We can't grow bananas here in
the United States, you don't say, And no, the tariffs
(19:24):
are not a big negotiating tactic and ending wars that
that's nonsense as well. You have to move away from that.
Another thing, This would be great. This would be great
on a regular basis. You had when when Elon must
there dozed, they were announcing the various different things that
they were finding on a regular basis.
Speaker 3 (19:46):
Well, i'd love to get back to that again.
Speaker 2 (19:49):
Where where we're saving money, where we're making cutbacks, where
we're saving money for the taxpayer. That's all that stuff's fantastic.
How about this as well? Donald Trump comes up, he
talks to maybe his eraser board, his big black eraser.
Speaker 3 (20:02):
He can figure out how he wants.
Speaker 2 (20:03):
To market it, going through all sorts of nonsensical regulations.
Speaker 3 (20:08):
And they've been doing a good job with this.
Speaker 2 (20:10):
Not writing more rules, not more bills, but erasing them,
getting rid of ridiculous rules and regulations that hold businesses back.
Simple things that could be done to point the country
back in a well back, put us back on solid footing.
Speaker 3 (20:29):
Gotta take a break.
Speaker 2 (20:30):
You're listening to the Watchdog on Wall Street show, Watchdog
on Wallstreet dot Com. We gotta get to they got
to talk about healthcare. When we get back, Watchdog on
Wallstreet dot Com.
Speaker 3 (20:39):
Will be back.
Speaker 1 (20:41):
Chris Markowski is the watchdog of Wall Streets, the only
man who is taking on the Wall Street establishment. You're
(21:04):
listening to the watch Dog on Wall Street with Chris Markowski.
Speaker 5 (21:10):
A boy, I he told this is gonna happen, and
I'm I wish, I wish I was wrong.
Speaker 2 (21:22):
I I bloody wish I was wrong on this. But
I saw it coming. And we saw four House Republicans,
four House Republicans side with Democrats, and uh, I guess
I don't know when in the new year, sometime when
they come back, probably when nobody's paying attention, they're going
(21:45):
to force a vote on the Affordable Care Act subsidies again.
If I was Mike Johnson at this point in time,
I don't care how how tight the thing is. What
is the what's the point even having these people in
your caucus where they just agreed that they signed off
(22:06):
with Democrats to increase our debt by half a trillion dollars,
to hand more money to insurance companies again again, insurance
company health insurance companies are going to win again? Why
because Republicans are as ace Ventur would say, and you deserves.
Speaker 3 (22:32):
They're losers. They're losers. Get me tell you all the time, Chris,
you got it. You're gonna come back to the Republican Party. Man,
Are you out of your mind? I would never want
to be a part.
Speaker 2 (22:46):
Of your ridiculous, elephant lying party that can't get anything done.
You incompetent boobs health insurance subset these half for three years,
three years, and these are this. These are the same
(23:07):
Republicans that got that uh that that ext was that
the extended salt deduction, same ones, more handouts, more giveaways.
Now granted, granted, the Republican Party, Republican Party has done nothing.
(23:28):
The bill that they put forward, the Republican bill that
they voted, they voted it. And my father taught me
something I didn't mentioned before here on the program. This
is very very important wisdom that I learned from my
father when I was younger. Chris, don't do stuff half ass, Yeah,
(23:49):
don't do stuff hey, and I just you're gonna do it.
Speaker 3 (23:52):
You do it right.
Speaker 2 (23:54):
This ridiculous package that they put through it's guard. It is,
it's it's again. It's a handout to the insurance companies too.
And again, here's a wake up call to everybody out there. Oh,
I'm on a Republican team. What a Democratic team? Okay,
just take a look. Take a look at the amount
(24:15):
of money that your your friendly neighborhood, uh, elephant or
donkey are getting from health insurance companies.
Speaker 3 (24:23):
Just come, you can do it. You can go online.
Speaker 2 (24:26):
You can find out where their contributions are coming from
to see how much money they're getting. Now, I know
what the game plan is for Democrats. It always has
beenness Obama. Obama said it for crying out loud. You
find it on YouTube. He knew, he knew that at
(24:48):
the time when he was president, the country was not
going to buy into Medicare for all, was not going
to buy into single payer. The goal is single payer.
I see this interview. I'm watching Rocanna being interviewed.
Speaker 3 (25:03):
I don't know if it was.
Speaker 2 (25:05):
It was Maria Bartiromo's program, and Rocana is talking about
getting back to that thing where, oh.
Speaker 3 (25:10):
Healthcare human right. It's a human right?
Speaker 2 (25:14):
Are we are back to Bernie Sanders here, it's a
human right if health care is if you understand what
human rights are, then you can just walk into any
doctor's office if it's a human right, and demand whatever
care you want and not have to pay for it
because it's a human right.
Speaker 3 (25:33):
And the other question, if it's a human right, well shouldn't.
Is food a human right too? A shelter a human right?
I guess so.
Speaker 2 (25:45):
I mean, if health care is according to these people,
they want Medicare for all.
Speaker 3 (25:52):
They want Medicare for all.
Speaker 2 (25:55):
Now, I'm gonna be honest with you, Okay, Medicare for
all would benefit me, would benefit my clients?
Speaker 3 (26:05):
Would It would?
Speaker 2 (26:09):
Because we would have two separate healthcare systems here in
the United States.
Speaker 3 (26:14):
We'd have a completely.
Speaker 2 (26:16):
God awful d m V government health care programming. Again,
I don't even know how the numbers would work with that.
I really don't. What are you gonna what are you
gonna be paying doctors for crying. No, why would anybody
go to medical school? Well they would, but the doctors
would go into private practice, and there would be Medicare
(26:40):
for all, and then there would be I'm being honest
with you right here, Okay, Medicare for All goes into place,
My health care costs are going to go down, and
they are going to improve.
Speaker 3 (26:53):
They are because I can afford it. My clients can't
afford it.
Speaker 2 (26:59):
And again that much of the country can afford it,
but it's going to be horrible for a large swath
of this country. And in the same way, in the
same way that the salt deduction benefited benefited me when
I lived in New York. But I was against it
because it's wrong. It's wrong. It's an absolute disaster what
(27:25):
we have right now. Nobody is doing a damn thing
about it. We've got, you know, worse and worser. I
mean to put it as far as plans moving forward,
and again, you're gonna put this country and another half
a trillion dollars in debt extending Biden's COVID subsidies.
Speaker 3 (27:49):
I told you I knew what they were up to.
Speaker 2 (27:53):
I knew they'd sneak it in at the last minute, anyway.
Speaker 3 (27:56):
Watchdog on Wallstreet dot Com.
Speaker 2 (27:58):
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Speaker 3 (28:06):
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Speaker 1 (28:27):
Everybody's happy. You should believe in math not magic. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (28:39):
You need to understand something here, these these things that
we point out, these see I told you so moments.
I'm not I'm not drawing attention to myself by any
stretch of the imagination. I don't win anything. I don't
win anything with the calls that we make here on
(28:59):
the program.
Speaker 3 (29:00):
They hurt me. They hurt me.
Speaker 2 (29:04):
I offer warnings here on the program. They come to pass,
and I'm hurt just as much as everybody else is.
Speaker 3 (29:13):
Hey, yeah people, this pass week. He yeah, you must
you must be thrilled.
Speaker 2 (29:17):
You see that Ford took a nineteen point five billion
dollar hit on writing down evs.
Speaker 3 (29:23):
You called that? Why gloat?
Speaker 2 (29:27):
What?
Speaker 3 (29:28):
How?
Speaker 2 (29:28):
How is this good? How is how is taking misallocating
nineteen point five billion dollars. How is that good for
the country. You know what I could do with nineteen
point five billion dollars. Yeah, the type of wealth that
I could create with that type of money, The jobs
(29:49):
that I could create my clients.
Speaker 3 (29:51):
You have any idea, it's waste. I hate waste.
Speaker 2 (29:59):
When I've against taxes here in this country, I think
it's waste.
Speaker 3 (30:06):
If I thought my tax.
Speaker 2 (30:07):
Dollars were being spent wisely, I wouldn't mind as much.
Speaker 3 (30:13):
This funny thing.
Speaker 2 (30:14):
You know, you understand it's not so much. It's not
the cost, it's the value. Quite frankly, and this was
as plain as day, plane as day. You get the experts,
the top men, top men working on it right now,
(30:35):
the top men in Washington, DC talk or we're gonna
decide and we're gonna take the country in this direction
because we're so smart, we're so much better. Really, can
you can you point to a country where state capitalism
has ever worked?
Speaker 3 (30:51):
Huh called state.
Speaker 2 (30:54):
Capitalism whatever you want to call it, the government centrally
commanding an economy. Can you point to a place where
it's been successful. Hey, you're taking a look at what's
going on in China right now, and how poorly their
economy is doing. They were on the right path and
they deviated. And meanwhile we got our top man, we
(31:18):
got our politicians saying, hey, hey, you know what we're
gonna We're gonna force you guys to make cars that
people don't want to buy.
Speaker 1 (31:28):
Great idea, not.
Speaker 3 (31:32):
Way more on this, We get back. Watchdog on Wallstreet
dot com.
Speaker 2 (31:35):
Watchdog on Wallstreet dot com, We shall return.
Speaker 1 (31:41):
You're listening to the Watchdog on Wall Street bringing America
(32:04):
financial freedom, one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:11):
The free market, like nature, God's wonderful creation, is a
wonderful thing to behold. Just don't tinker with it. Don't
mess with it. What happens when you mess with mother nature?
You know, you end up with you need, You end
(32:32):
up with gain of function studies and COVID.
Speaker 3 (32:36):
That's what you end up with.
Speaker 2 (32:39):
Wait, when you do it with the free market, you
end up with Ford having to write down nineteen point
five billion dollars. Not to mention the fact I don't
even know. I didn't want to look because I was
gonna throw up in my mouth.
Speaker 3 (32:52):
I didn't want to look to see how.
Speaker 2 (32:54):
Much how much a taxpayer is on the hook with this,
with loan guarantees and all sorts of other crap that we.
Speaker 3 (33:03):
Gave to Ford.
Speaker 2 (33:06):
And again, it was even before the EB it goes
back and gone. Trump did the right thing getting rid
of cafe standards, those dumb, dumb, dumb fuel economy standards
one of the dumbest ideas ever.
Speaker 3 (33:23):
Ah, yeah, we're gonna We're gonna make you.
Speaker 2 (33:24):
You know, you got your entire fleet has gotta have
an average mile per gallon at this what But all
I want to do is MC trucks.
Speaker 3 (33:34):
All I want to do is make SUVs. No, no, nope,
you gotta have an average fuel economy of this.
Speaker 2 (33:40):
So you're gonna make me go and make the Ford
Fiesta in Mexico and lose a fortune on that car
just so I can bring my cafe standard down.
Speaker 3 (33:48):
You got it. You didn't stand how messed up that is.
Speaker 2 (33:54):
Forcing companies to make products that they can't sell so
you can make yourself look like you're some sort of
green savior.
Speaker 3 (34:07):
Do you understand?
Speaker 2 (34:08):
Can you the arrogance of these people to actually do something?
And again, These are people that have never built anything
or created anything in their entire lives.
Speaker 3 (34:20):
These are people that have never had to sign the
front of a check.
Speaker 2 (34:23):
These are the people that never gonna come up with
a marketing, marketing plan or anything like that.
Speaker 3 (34:28):
It needs to go away. And this is the same
reason why I'm critical of Trump's state capitalism and him
taking stakes and companies like Intel and US Steel.
Speaker 2 (34:42):
I don't like any of this. This is not what
our government should be doing. Our government needs to get
out of the way. Anyway, farmers got.
Speaker 3 (34:57):
Royally screwed again.
Speaker 2 (35:01):
Trump said he was delighted to give American farmers twelve
billion dollars in economic assistance. And again, this is money,
he said, is coming from tariffs soybeans. Soybeans. China is
the world's largest buyer of soybeans. Once we had all
(35:22):
of the tariff stuff, Beijing pulled back. China announced, no,
you know, they got trade deals. We're gonna buy twelve
million tons by the end of the year. They haven't
even come close. They haven't even come close. And that
twelve billion dollars that federal aid is going to cover
about a quarter of the average losses on the crop.
(35:45):
They're describing it as a band aid on an open wound.
Speaker 3 (35:50):
No good.
Speaker 2 (35:51):
What farmers want is an opportunity to make a living,
to make a profit from the market, not being dependent
on the next government check, the next program to keep
them from bleeding to death. And you know what happens, people,
You know what happens. This is how nefarious this whole
thing is. Many times these farmers, when stuff like this happens,
(36:15):
they can't afford their land anymore.
Speaker 3 (36:19):
They can't afford their land, and they have to sell.
Speaker 2 (36:23):
And you get the big Wall Street types that are
more than willing, more than willing to buy, more than
willing to buy, and then and then at least back
that land. Then the farmer doesn't even own his land anymore.
And I've talked about this, talked about the amount of
farm checks that go to farm subsidy checks that go
(36:45):
to Park Avenue addresses, not to mention the various different
tax breaks you get for owning a farm. Again, when
Scott Bessett was on I don't know what program, it
was a Meet the Press, and he said that he
was a farmer. I mean, I'm like, come on, man,
you're not riding no tractor Scott. Okay, you bought the
(37:06):
land from some farmer that had to sell, and now
you lease it to someone and you're calling yourself a farmer.
Speaker 3 (37:12):
Wow.
Speaker 2 (37:13):
I play center field for the New York Yankees. If
I put on a Yankee Jersey, come on, give me
a break.
Speaker 3 (37:20):
Again.
Speaker 2 (37:24):
We're down as far as the soybean exports are concerned.
What happens, Okay, what happens is once, once you screw
up a supply chain, once China, you know, we put
the tariffs on all this China reciprocal tariffs. They go
down to Brazil, they go other places to meet their demand.
(37:44):
They're gonna come back maybe a little bit, maybe a
cut of deal, but it's not the same. And this
is this is the type of damage that's not and
it's not necessary. I want to talk about talk about
this as well. The streaming drama those kind of off
the beaten track. But it also has to do with
(38:06):
the government getting involved. Got this whole drama going on Netflix,
Time Honer, Paramount, sky Dance. Actually, I thought hell might
freeze over this past week because I actually agreed with
Elizabeth Warren in an interview that she was on and
she was talking about she's well and that I'll paraphrase.
He doesn't think that the president should get involved in
(38:29):
this deal at all.
Speaker 3 (38:30):
President said, he wants to be involved in this thing.
Why why do.
Speaker 2 (38:35):
The umpires in a baseball game get involved in you
know what trades are going to be done by the
general manager.
Speaker 3 (38:44):
It shouldn't concern you.
Speaker 2 (38:46):
Yeah, you have, you know, the federal trade you want
to deal with anti you know.
Speaker 3 (38:51):
Let them handle that. But you shouldn't be getting involved
in this.
Speaker 2 (38:55):
You know, Elizabeth Warren is a complete hypocrite because if
it was flipped on the other sides, you'd have no
problem if Biden and Obama were getting involved in some deal.
Speaker 3 (39:05):
But stay out of it. Ken government stays out.
Speaker 2 (39:12):
Things are much better, get rid of regulations, ache life easier,
Things get better. Watchdog on Wallstreet dot com. Watchdog on
wallstreet dot com will be back.
Speaker 4 (39:22):
You're nasty, watsy, your hardest fall
Speaker 1 (39:28):
Of Chris Markowski is the watch dog of Wall Street
Well known authored investment banker, consumer advocate, handalyst trader Chris
Markowski is the watchdog Wall Street? Do you want to
answer exposing the lies and myths that the big brokerage firms,
the mainstream press, and the government are pushing to keep
Americans away from financial freedom. You can't handle the true
(00:29):
proof bringing America the truth about what really happens in
the financial world.
Speaker 2 (00:34):
Ladies and gentlemen. We're not here to indulge in fantasy,
but in political and economic reality.
Speaker 1 (00:39):
This is the watchdog on Wall Streets.
Speaker 3 (00:45):
Yes, it is. Welcome back, Welcome back everyone. It is
the watchdog on Wall Street show. It was a it
was a rough week.
Speaker 2 (00:55):
We had some really some horrific stories this past week
and U again doing the prep here from the for
the program. It it weighs on me, it does, it
really does.
Speaker 3 (01:10):
And again I I.
Speaker 2 (01:12):
Find solace trying to make it to mass every day
and pray for people that have been murdered, killed, butchered,
terrible things that are happening, but also pray for our
leaders that you know they can I don't find them better,
(01:33):
they're better selves and more wisdom. I have talked about this.
I was really upset with the president this past week.
I really was with this whole Rob Reiner situation. It
reminded me, reminded me of a phrase phrase from the
(01:56):
UH the late late senator from the state of New York,
Daniel Patrick moynihan. He's a Democratic center from the Saint
of New York. He talked about defining devancy down.
Speaker 3 (02:10):
Rob Reiner.
Speaker 2 (02:11):
Rob Briner, I politically, he and I did not see
eye to eye at all.
Speaker 3 (02:19):
Did not see eye to.
Speaker 2 (02:20):
Eye with Rob Reiner at all, and at times, at times,
you know, he might get over his skis and say
some some nasty things on some tweets and whatever may be,
and may have offended the president because of that. And
again that's something again that Donald Trump can't deal with.
(02:43):
For what a reason it may be, he will not
accept any sort of criticism whatsoever. I hates may probably
I voted for him, probably hates me. Anyway, Rob Reiner,
you got people. He put out some unbelievable works for this.
(03:04):
I mean, I I was last week week before in
the program I did the spinal tap bit here with
the turning it up to eleven. My favorite Halloween costume
I think I ever wore and guess is, back when
I was in college, for crying out loud was a
Nigo Montoya, you're killed my father to prepare to die.
Speaker 3 (03:25):
I remember that you're wearing that.
Speaker 2 (03:26):
I remember the the sorority girls thinking that was such
a great idea. It was helpful anyway. I mean when
Harry met Sally stand by me probably, I mean a
horror movie with that was I might be overlooked. One
of the great ones of all time, Misery and his
(03:48):
little bit roles in various different movies. All in the
family watched that as a kid. So the president comes
out horrific murder and your child does it, and he
puts out a tweet and and saying that you know
(04:11):
again they were murdered due to Trump derangement syndrome.
Speaker 3 (04:17):
You make this about yourself again.
Speaker 2 (04:23):
I I pray for the president. I said, man, you know,
here's an opportunity. Here's an opportunity for you to go
out and try to bring people together, not not to divide.
Speaker 3 (04:41):
People, to bring people to it. Would Reagan? Would Reagan
ever say anything like that.
Speaker 2 (04:48):
I know, but but but but you know the butts
all you but he said this terrible thing, and what's
the loser all stuff.
Speaker 3 (04:52):
He doesn't make it right.
Speaker 1 (04:56):
He doesn't.
Speaker 2 (04:59):
It is the cre Smith's season. We who are we
celebrating right now? We're celebrating the princip peace man. That
that that's that's who we're celebrating right now. A guy
who was tortured and brutally murdered and sculled uh and
and and prayed for the forgiveness of the people who
(05:21):
did it to him. That that's we're celebrating that man's birth.
I mean, there's something.
Speaker 3 (05:30):
That we we have to we have to remember that that.
Speaker 2 (05:33):
Is presents and trees and lights and colors and all
that stuff. I again, what I pray for, it's it's
you know, bring bring a holiday movie into it. Yeah,
you know in The Grinch at the end where they're like,
well in Whoville, they say that the Grinch's small heart
(05:53):
grew three sizes that day. I want the President's heart
to grow three sizes. And the funny thing is, again
you talk about I mentioned Democrat Daniel Patrick moynan, State
of New York Center defining devinc down. I want to
(06:14):
talk about what he was getting at there. A it's
a process by which the society responds to an increase
in destructive behaviors by lowering its standards of what is
considered normal, acceptable, or moral. Instead of cracking down on
(06:35):
the increased misconduct, the behavior is normalized and societal expectations
and standards fall.
Speaker 3 (06:42):
Tell me that's not true.
Speaker 2 (06:45):
Tell me that the left and right wing influencers aren't
a part of this, and making things like what Donald
Trump said, okay, or the flip side, the people on
the left that came out and were apployted of Charlie Kirk,
both sides defining deviancy down. Monahan argued that every community
(07:13):
can only afford to recognize and penalize a certain amount
of abnormal behavior, previously unthinkable behavior. At the time, he
was talking about violent crime or family disintegration increases. The
easiest way for a society to adapt is to redefine
the behavior as less serious or simply normal, making people
(07:38):
increasingly numb to it.
Speaker 3 (07:42):
Is this again resonating with anybody out there?
Speaker 2 (07:48):
The term was Monahan had an essay back in actually
nineteen ninety three the American Scholar, and he drew on
the work of a French sociologist by the name of
Emil Durkheim. Who theorized crime is normal, and that president
in all societies and helps clarify moral boundaries.
Speaker 3 (08:08):
And he talked about and this is.
Speaker 2 (08:09):
Again this is a Democrat Democrat early nineteen nineties, basically
talking about twentieth century United States, rising crime rates and
the public's growing tolerance of everyday violence in urban areas,
the de institutionalization of the mentally ill, which led to
increased homelessness. Again Democrat, early nineteen nineties, the increase in
(08:35):
single parent households, and erosion of traditional family structures. Okay,
he was spot on on all of those things. But people,
come on, come on, we're doing it.
Speaker 3 (08:53):
We're doing it.
Speaker 2 (08:54):
We have to stop. We have to stop. And you
know what, we can't just let it go. Okay, I
voted for the guy.
Speaker 3 (09:04):
I gonna let it go. No, you don't let it go.
Speaker 2 (09:06):
You have to call out horrible behavior, pointing out this
is not good, this is not acceptable. I'm watching all
the sycophants surrounding the president. They should have told him off,
should have told them, no, you don't do this. We
don't do this in a Norman we don't say something
like this after somebody was brutally murdered I don't care
(09:27):
if he was the political rival of yours. And then
come out the next day and defend what you're saying
and saying that the guy wasn't good for America.
Speaker 3 (09:34):
What are you talking about? That was an.
Speaker 2 (09:38):
Artistic genius as far as I'm concerned. And what these
influencers do? You know, it's first deny And this is
the funny thing. I watched all of the right wingers
out there after Rob Reiner's murder, All the right wing
influencers out there. They can't call him right wing because
(10:00):
they're not right on anything. They're paid, they're paid to
be bomb throwers. That's only aren't The left has them too.
They're like, oh, look at this, Yeah, we're hearing the right. No,
we didn't come out and applaud Rob Reiners.
Speaker 3 (10:12):
We didn't do that until Trump did.
Speaker 2 (10:16):
So first they deny it, then they dismissed it as
a conspiracy.
Speaker 3 (10:21):
Then this is all one day. Then they admit it's happening.
Speaker 2 (10:26):
And then at the end the end, the same people
that were denying it at first were actually insisting that
what Trump said was actually a good thing. Do you
understand how messed up that is? And I answer yourself
a question what you want you you want your child
(10:47):
to talk or act like that? No, no, But another
big part of the birthday were about ready to celebrate.
It's about reconciliation and forgiveness. Reconciliation, forgiveness. And I'm gonna
be praying for the president that he recognizes, he wakes up,
(11:11):
wakes up and recognizes that what he said was wrong,
and he doesn't have to do this. He doesn't have
to do this. He needs to set a better example,
a better example. You want to be a great president,
you pull us out of this cycle of revenge. You know,
(11:36):
rage bait, not sup. You pull us out of this
black hole. Man, you will go down as a great president.
Have to take a break. Watchdog on Wallstreet dot com.
Watchdog on Wall Street dot com is our site. Become
a part of the Watchdog on Wall Street family, our
personal CFO program, podcast, newsletter, you name it. Watchdog on
(12:01):
Wall Street dot com.
Speaker 3 (12:03):
Be back.
Speaker 4 (12:05):
A beautiful side, halping to line walking you the window
world line, have a holiday.
Speaker 1 (12:24):
This is the Watchdog on Wall Street.
Speaker 3 (12:27):
While the merry.
Speaker 2 (12:28):
Bells keeping all right, welcome back, all right?
Speaker 3 (12:33):
You know what what do they say this?
Speaker 2 (12:35):
You know first solving a problem, you gotta actually admit
that there is one. And again I talked about this
first first hour of the program with Trump's little jingle
all the way speech that he gave, And I think
that they're actually admitting that there's problem. Granted, granted, happy
(12:56):
to see the CPI numbers come in. All we're then
expected three point one two point seven. Two point seven
is still.
Speaker 3 (13:03):
Way too high.
Speaker 2 (13:05):
You know, the Federal Federal Reserve's low wing rates when
they are, you know, seven tenths basis points off from
where their target rate is. So what does that tell
you that they're obviously concerned about the economy.
Speaker 3 (13:21):
You're concerned about employment.
Speaker 2 (13:23):
We've talked about that Trump has an economic approval rating
of thirty six percent. It's one point ahead of Biden's
worst number fifty seven percent.
Speaker 3 (13:34):
Disapproval.
Speaker 2 (13:37):
I cost of goods causing consumers to spend least over
the holidays, story after story, Donald Trump's affordability failures will
cost him, uh, manufacturing jobs.
Speaker 3 (13:49):
Just it's just not happening.
Speaker 2 (13:51):
It's not happening. Okay, I'm not gonna I'm not gonna
beat this up. Okay, this is the terrain. Okay, you
have to deal with the reality. I talk about this
all the time. Deal with the terrain.
Speaker 3 (14:03):
Okay, you know, you go into something, you have a plan,
and you know what is it? Mike Tyson. Everyone's got
a plan until they get punched in the face.
Speaker 2 (14:15):
Donald Trump, I had the poster in my uh back
when I was on Long Island in my uh my
garage gym. Everyone's got a plan until they get punched
in the face. Well, I guess you got punched in
the face. So now you can take the plan you
were using. You got to throw it out the window
and we got to actually get to work here.
Speaker 3 (14:36):
And there's things you can do. There are many things
you can do.
Speaker 2 (14:40):
I'm gonna point one out, and quite frankly, I wish
the President touted this a little bit more.
Speaker 3 (14:48):
The SBA.
Speaker 2 (14:49):
This SBA came out this past week and announced that
they are going to be having a new loan program,
five million dollar loan program for manufacturing company anybody wants
to get involved in any type of manufacturing expand whatever
it may be. This is good for smaller manufacturers out there, fantastic,
It's a great program. Trump should go out there and
(15:14):
he should empower the SBA to an even greater degree.
We're gonna have some issues. We're gonna have some fallout
in this country due to private equity. As you well know,
we've talked about it here for some time.
Speaker 3 (15:28):
Again.
Speaker 2 (15:29):
Can you name I don't know of a single business
out there that's been bought If you know of one,
let me know that's been bought out by private equity
and the business has been it's improved. Ah, maybe the
bottom line to some degree, but has the product improved?
Has a customer experience? Improofd Now it's horrible. Actually speaking
(15:52):
with a friend of mine, doctor worked for a big,
big medical practice down here in southwest Florida. The owners
of it sold to private equity, and he wants out.
Speaker 3 (16:05):
He wants he said, its horrible.
Speaker 2 (16:06):
I can't serve my patients the way that they're supposed
to be served. I hear this all the time. I'm
hearing this all over the country. I've warned you here
what's happening in my industry. Private equity buying up investment
advisors turn them in Burnham Baby, clients are going to
get destroyed. Well, what is this involved with the SBA
(16:26):
and grow in the economy? Well, if you allow because
I get it. I got people get tired. Yeah, certain
people get tired. They said, you know, that's all I
can stand. I can't say anymore.
Speaker 3 (16:37):
I can't.
Speaker 2 (16:38):
I can't run this business anymore. If you empower the
SBA to give loans to people that want to buy
buy family businesses, buy small businesses, and take them over
and have them run the right way with that tender,
loving care that we all appre used to appreciate when
(17:00):
it came to small businesses.
Speaker 3 (17:02):
Do you know what doub what that would do for
the economy. Oh yeah, I married, But I don't care.
I don't care what type of businesses it is. I
don't care. It's an eight facts, whatever it may be.
Speaker 2 (17:14):
That that's part of the problem is that sometimes you've
got a lot of younger people out here. They don't
have the capital, they don't have access to the capital
to take over someone's business and help that person retire.
Because again I've heard this as well, because you know
you've heard me rail against private equity and these buyouts.
Speaker 3 (17:34):
Again, Hey, Chris, you don't understand. I mean, I can't.
I'm exhausted.
Speaker 2 (17:38):
I got an injury, you know, Yeah, I gotta start
tak caaring this, that, and the next thing.
Speaker 3 (17:42):
I can't do this anymore. I have to sell my business.
I can't. Nobody wants to buy it except private equity.
What am I gonna do?
Speaker 2 (17:50):
Empower D S b A. What would be great? Great
for this country moving forward? Another thing as well, the
tariff stuff. Now again happy happy that in his speech
he said he didn't bring in eighteen trillion dollars in
(18:10):
tariff revenue because that was just again insulted my intelligence
when he said it. We're not getting eighteen trillion dollars
of investment here in this country. That's not happening either.
But we do have something. We have uncertainty that's hanging
out over the country right now. And what the Supreme
Court is going to do. I really do believe at
(18:32):
this point in time, they're going to try to thread
the needle. They're going to try to thread the needle
on this one. I don't think they want to have
the president yelling and screaming, jumping up and down. I
think they're going to try to come up with something
where he's going to allow some power but others taken away. Now,
straight up, tariffs across the board, they don't work again, reciprocal.
Speaker 3 (18:57):
Fine that I don't know about you, but that's what
I voted for.
Speaker 2 (19:02):
Someone's someone's sticking at to us, Well, we could stick
it to them back then, that's reciprocal tariffs. The whole
Liberation Day thing made no sense. And again we see
that now we've got to take the tariffs off on
all these food stuff. We can't grow bananas here in
the United States, you don't say, And no, the tariffs
(19:24):
are not a big negotiating tactic and ending wars that
that's nonsense as well. You have to move away from that.
Another thing, This would be great. This would be great
on a regular basis. You had when when Elon must
there dozed, they were announcing the various different things that
they were finding on a regular basis.
Speaker 3 (19:46):
Well, i'd love to get back to that again.
Speaker 2 (19:49):
Where where we're saving money, where we're making cutbacks, where
we're saving money for the taxpayer. That's all that stuff's fantastic.
How about this as well? Donald Trump comes up, he
talks to maybe his eraser board, his big black eraser.
Speaker 3 (20:02):
He can figure out how he wants.
Speaker 2 (20:03):
To market it, going through all sorts of nonsensical regulations.
Speaker 3 (20:08):
And they've been doing a good job with this.
Speaker 2 (20:10):
Not writing more rules, not more bills, but erasing them,
getting rid of ridiculous rules and regulations that hold businesses back.
Simple things that could be done to point the country
back in a well back, put us back on solid footing.
Speaker 3 (20:29):
Gotta take a break.
Speaker 2 (20:30):
You're listening to the Watchdog on Wall Street show, Watchdog
on Wallstreet dot Com. We gotta get to they got
to talk about healthcare. When we get back, Watchdog on
Wallstreet dot Com.
Speaker 3 (20:39):
Will be back.
Speaker 1 (20:41):
Chris Markowski is the watchdog of Wall Streets, the only
man who is taking on the Wall Street establishment. You're
(21:04):
listening to the watch Dog on Wall Street with Chris Markowski.
Speaker 5 (21:10):
A boy, I he told this is gonna happen, and
I'm I wish, I wish I was wrong.
Speaker 2 (21:22):
I I bloody wish I was wrong on this. But
I saw it coming. And we saw four House Republicans,
four House Republicans side with Democrats, and uh, I guess
I don't know when in the new year, sometime when
they come back, probably when nobody's paying attention, they're going
(21:45):
to force a vote on the Affordable Care Act subsidies again.
If I was Mike Johnson at this point in time,
I don't care how how tight the thing is. What
is the what's the point even having these people in
your caucus where they just agreed that they signed off
(22:06):
with Democrats to increase our debt by half a trillion dollars,
to hand more money to insurance companies again again, insurance
company health insurance companies are going to win again? Why
because Republicans are as ace Ventur would say, and you deserves.
Speaker 3 (22:32):
They're losers. They're losers. Get me tell you all the time, Chris,
you got it. You're gonna come back to the Republican Party. Man,
Are you out of your mind? I would never want
to be a part.
Speaker 2 (22:46):
Of your ridiculous, elephant lying party that can't get anything done.
You incompetent boobs health insurance subset these half for three years,
three years, and these are this. These are the same
(23:07):
Republicans that got that uh that that ext was that
the extended salt deduction, same ones, more handouts, more giveaways.
Now granted, granted, the Republican Party, Republican Party has done nothing.
(23:28):
The bill that they put forward, the Republican bill that
they voted, they voted it. And my father taught me
something I didn't mentioned before here on the program. This
is very very important wisdom that I learned from my
father when I was younger. Chris, don't do stuff half ass, Yeah,
(23:49):
don't do stuff hey, and I just you're gonna do it.
Speaker 3 (23:52):
You do it right.
Speaker 2 (23:54):
This ridiculous package that they put through it's guard. It is,
it's it's again. It's a handout to the insurance companies too.
And again, here's a wake up call to everybody out there. Oh,
I'm on a Republican team. What a Democratic team? Okay,
just take a look. Take a look at the amount
(24:15):
of money that your your friendly neighborhood, uh, elephant or
donkey are getting from health insurance companies.
Speaker 3 (24:23):
Just come, you can do it. You can go online.
Speaker 2 (24:26):
You can find out where their contributions are coming from
to see how much money they're getting. Now, I know
what the game plan is for Democrats. It always has
beenness Obama. Obama said it for crying out loud. You
find it on YouTube. He knew, he knew that at
(24:48):
the time when he was president, the country was not
going to buy into Medicare for all, was not going
to buy into single payer. The goal is single payer.
I see this interview. I'm watching Rocanna being interviewed.
Speaker 3 (25:03):
I don't know if it was.
Speaker 2 (25:05):
It was Maria Bartiromo's program, and Rocana is talking about
getting back to that thing where, oh.
Speaker 3 (25:10):
Healthcare human right. It's a human right?
Speaker 2 (25:14):
Are we are back to Bernie Sanders here, it's a
human right if health care is if you understand what
human rights are, then you can just walk into any
doctor's office if it's a human right, and demand whatever
care you want and not have to pay for it
because it's a human right.
Speaker 3 (25:33):
And the other question, if it's a human right, well shouldn't.
Is food a human right too? A shelter a human right?
I guess so.
Speaker 2 (25:45):
I mean, if health care is according to these people,
they want Medicare for all.
Speaker 3 (25:52):
They want Medicare for all.
Speaker 2 (25:55):
Now, I'm gonna be honest with you, Okay, Medicare for
all would benefit me, would benefit my clients?
Speaker 3 (26:05):
Would It would?
Speaker 2 (26:09):
Because we would have two separate healthcare systems here in
the United States.
Speaker 3 (26:14):
We'd have a completely.
Speaker 2 (26:16):
God awful d m V government health care programming. Again,
I don't even know how the numbers would work with that.
I really don't. What are you gonna what are you
gonna be paying doctors for crying. No, why would anybody
go to medical school? Well they would, but the doctors
would go into private practice, and there would be Medicare
(26:40):
for all, and then there would be I'm being honest
with you right here, Okay, Medicare for All goes into place,
My health care costs are going to go down, and
they are going to improve.
Speaker 3 (26:53):
They are because I can afford it. My clients can't
afford it.
Speaker 2 (26:59):
And again that much of the country can afford it,
but it's going to be horrible for a large swath
of this country. And in the same way, in the
same way that the salt deduction benefited benefited me when
I lived in New York. But I was against it
because it's wrong. It's wrong. It's an absolute disaster what
(27:25):
we have right now. Nobody is doing a damn thing
about it. We've got, you know, worse and worser. I
mean to put it as far as plans moving forward,
and again, you're gonna put this country and another half
a trillion dollars in debt extending Biden's COVID subsidies.
Speaker 3 (27:49):
I told you I knew what they were up to.
Speaker 2 (27:53):
I knew they'd sneak it in at the last minute, anyway.
Speaker 3 (27:56):
Watchdog on Wallstreet dot Com.
Speaker 2 (27:58):
Watchdog on Wallstreet dot Com again, take advantage of all
the great stuff that we have at our side of
personal CFO program, podcast.
Speaker 3 (28:06):
Newsletter, you name it Watchdog on.
Speaker 2 (28:08):
Wall Street dot Com or give us a call eight
four seven fifty eight four. That's the snowest nice avage web.
Speaker 1 (28:27):
Everybody's happy. You should believe in math not magic. You're
listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (28:39):
You need to understand something here, these these things that
we point out, these see I told you so moments.
I'm not I'm not drawing attention to myself by any
stretch of the imagination. I don't win anything. I don't
win anything with the calls that we make here on
(28:59):
the program.
Speaker 3 (29:00):
They hurt me. They hurt me.
Speaker 2 (29:04):
I offer warnings here on the program. They come to pass,
and I'm hurt just as much as everybody else is.
Speaker 3 (29:13):
Hey, yeah people, this pass week. He yeah, you must
you must be thrilled.
Speaker 2 (29:17):
You see that Ford took a nineteen point five billion
dollar hit on writing down evs.
Speaker 3 (29:23):
You called that? Why gloat?
Speaker 2 (29:27):
What?
Speaker 3 (29:28):
How?
Speaker 2 (29:28):
How is this good? How is how is taking misallocating
nineteen point five billion dollars. How is that good for
the country. You know what I could do with nineteen
point five billion dollars. Yeah, the type of wealth that
I could create with that type of money, The jobs
(29:49):
that I could create my clients.
Speaker 3 (29:51):
You have any idea, it's waste. I hate waste.
Speaker 2 (29:59):
When I've against taxes here in this country, I think
it's waste.
Speaker 3 (30:06):
If I thought my tax.
Speaker 2 (30:07):
Dollars were being spent wisely, I wouldn't mind as much.
Speaker 3 (30:13):
This funny thing.
Speaker 2 (30:14):
You know, you understand it's not so much. It's not
the cost, it's the value. Quite frankly, and this was
as plain as day, plane as day. You get the experts,
the top men, top men working on it right now,
(30:35):
the top men in Washington, DC talk or we're gonna
decide and we're gonna take the country in this direction
because we're so smart, we're so much better. Really, can
you can you point to a country where state capitalism
has ever worked?
Speaker 3 (30:51):
Huh called state.
Speaker 2 (30:54):
Capitalism whatever you want to call it, the government centrally
commanding an economy. Can you point to a place where
it's been successful. Hey, you're taking a look at what's
going on in China right now, and how poorly their
economy is doing. They were on the right path and
they deviated. And meanwhile we got our top man, we
(31:18):
got our politicians saying, hey, hey, you know what we're
gonna We're gonna force you guys to make cars that
people don't want to buy.
Speaker 1 (31:28):
Great idea, not.
Speaker 3 (31:32):
Way more on this, We get back. Watchdog on Wallstreet
dot com.
Speaker 2 (31:35):
Watchdog on Wallstreet dot com, We shall return.
Speaker 1 (31:41):
You're listening to the Watchdog on Wall Street bringing America
(32:04):
financial freedom, one listener at a time. You're listening to
the Watchdog on Wall Street with Chris Markowski.
Speaker 2 (32:11):
The free market, like nature, God's wonderful creation, is a
wonderful thing to behold. Just don't tinker with it. Don't
mess with it. What happens when you mess with mother nature?
You know, you end up with you need, You end
(32:32):
up with gain of function studies and COVID.
Speaker 3 (32:36):
That's what you end up with.
Speaker 2 (32:39):
Wait, when you do it with the free market, you
end up with Ford having to write down nineteen point
five billion dollars. Not to mention the fact I don't
even know. I didn't want to look because I was
gonna throw up in my mouth.
Speaker 3 (32:52):
I didn't want to look to see how.
Speaker 2 (32:54):
Much how much a taxpayer is on the hook with this,
with loan guarantees and all sorts of other crap that we.
Speaker 3 (33:03):
Gave to Ford.
Speaker 2 (33:06):
And again, it was even before the EB it goes
back and gone. Trump did the right thing getting rid
of cafe standards, those dumb, dumb, dumb fuel economy standards
one of the dumbest ideas ever.
Speaker 3 (33:23):
Ah, yeah, we're gonna We're gonna make you.
Speaker 2 (33:24):
You know, you got your entire fleet has gotta have
an average mile per gallon at this what But all
I want to do is MC trucks.
Speaker 3 (33:34):
All I want to do is make SUVs. No, no, nope,
you gotta have an average fuel economy of this.
Speaker 2 (33:40):
So you're gonna make me go and make the Ford
Fiesta in Mexico and lose a fortune on that car
just so I can bring my cafe standard down.
Speaker 3 (33:48):
You got it. You didn't stand how messed up that is.
Speaker 2 (33:54):
Forcing companies to make products that they can't sell so
you can make yourself look like you're some sort of
green savior.
Speaker 3 (34:07):
Do you understand?
Speaker 2 (34:08):
Can you the arrogance of these people to actually do something?
And again, These are people that have never built anything
or created anything in their entire lives.
Speaker 3 (34:20):
These are people that have never had to sign the
front of a check.
Speaker 2 (34:23):
These are the people that never gonna come up with
a marketing, marketing plan or anything like that.
Speaker 3 (34:28):
It needs to go away. And this is the same
reason why I'm critical of Trump's state capitalism and him
taking stakes and companies like Intel and US Steel.
Speaker 2 (34:42):
I don't like any of this. This is not what
our government should be doing. Our government needs to get
out of the way. Anyway, farmers got.
Speaker 3 (34:57):
Royally screwed again.
Speaker 2 (35:01):
Trump said he was delighted to give American farmers twelve
billion dollars in economic assistance. And again, this is money,
he said, is coming from tariffs soybeans. Soybeans. China is
the world's largest buyer of soybeans. Once we had all
(35:22):
of the tariff stuff, Beijing pulled back. China announced, no,
you know, they got trade deals. We're gonna buy twelve
million tons by the end of the year. They haven't
even come close. They haven't even come close. And that
twelve billion dollars that federal aid is going to cover
about a quarter of the average losses on the crop.
(35:45):
They're describing it as a band aid on an open wound.
Speaker 3 (35:50):
No good.
Speaker 2 (35:51):
What farmers want is an opportunity to make a living,
to make a profit from the market, not being dependent
on the next government check, the next program to keep
them from bleeding to death. And you know what happens, people,
You know what happens. This is how nefarious this whole
thing is. Many times these farmers, when stuff like this happens,
(36:15):
they can't afford their land anymore.
Speaker 3 (36:19):
They can't afford their land, and they have to sell.
Speaker 2 (36:23):
And you get the big Wall Street types that are
more than willing, more than willing to buy, more than
willing to buy, and then and then at least back
that land. Then the farmer doesn't even own his land anymore.
And I've talked about this, talked about the amount of
farm checks that go to farm subsidy checks that go
(36:45):
to Park Avenue addresses, not to mention the various different
tax breaks you get for owning a farm. Again, when
Scott Bessett was on I don't know what program, it
was a Meet the Press, and he said that he
was a farmer. I mean, I'm like, come on, man,
you're not riding no tractor Scott. Okay, you bought the
(37:06):
land from some farmer that had to sell, and now
you lease it to someone and you're calling yourself a farmer.
Speaker 3 (37:12):
Wow.
Speaker 2 (37:13):
I play center field for the New York Yankees. If
I put on a Yankee Jersey, come on, give me
a break.
Speaker 3 (37:20):
Again.
Speaker 2 (37:24):
We're down as far as the soybean exports are concerned.
What happens, Okay, what happens is once, once you screw
up a supply chain, once China, you know, we put
the tariffs on all this China reciprocal tariffs. They go
down to Brazil, they go other places to meet their demand.
(37:44):
They're gonna come back maybe a little bit, maybe a
cut of deal, but it's not the same. And this
is this is the type of damage that's not and
it's not necessary. I want to talk about talk about
this as well. The streaming drama those kind of off
the beaten track. But it also has to do with
(38:06):
the government getting involved. Got this whole drama going on Netflix,
Time Honer, Paramount, sky Dance. Actually, I thought hell might
freeze over this past week because I actually agreed with
Elizabeth Warren in an interview that she was on and
she was talking about she's well and that I'll paraphrase.
He doesn't think that the president should get involved in
(38:29):
this deal at all.
Speaker 3 (38:30):
President said, he wants to be involved in this thing.
Why why do.
Speaker 2 (38:35):
The umpires in a baseball game get involved in you
know what trades are going to be done by the
general manager.
Speaker 3 (38:44):
It shouldn't concern you.
Speaker 2 (38:46):
Yeah, you have, you know, the federal trade you want
to deal with anti you know.
Speaker 3 (38:51):
Let them handle that. But you shouldn't be getting involved
in this.
Speaker 2 (38:55):
You know, Elizabeth Warren is a complete hypocrite because if
it was flipped on the other sides, you'd have no
problem if Biden and Obama were getting involved in some deal.
Speaker 3 (39:05):
But stay out of it. Ken government stays out.
Speaker 2 (39:12):
Things are much better, get rid of regulations, ache life easier,
Things get better. Watchdog on Wallstreet dot com. Watchdog on
wallstreet dot com will be back.
Speaker 4 (39:22):
You're nasty, watsy, your hardest fall
Speaker 1 (39:28):
Of Chris Markowski is the watch dog of Wall Street
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